Writing SPY Puts

I have used the early weakness to write  the SPY 133 Puts expiring next week naked.

2 comments:

Anonymous said...

The financilas and commodities see something out there-perhaps the end of QE2, but the action there leaves me more circumspect than you.

Tsachy Mishal said...

Its not a very aggressive move by me. We will be oversold at the end of the day today.  Not a great reading, but enough to keep me biased to the upside for next week.